For Quarter Ended 31.12.2019
Total Page:16
File Type:pdf, Size:1020Kb
ef}Jaiaii C?;eleti1ms ~t(). C-13, Balaji House, Dalia Industrial Estate,Opp. Laxmi Industries New Link Road, Andheri (West), Mumbai - 400053. Tel.:40698000· Fax: 40698181/82/83 Website: www.balajitelefilms.com CIN No : L99999MH1994PLC082802 February 12, 2020 To, BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, "Exchange Plaza", Dalal Street, Bandra-Kurld Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Stock Code: 532382 Stock Code: BALAJITELE Sub: Outcome of Board Meeting and Intimation of Record Date for Interim Dividend Dear Sir/Madam, Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we would like to inform you that the Board of Directors in its Meeting held today i.e. February 12, 2020 have; 1. considered and approved the Unaudited Financial Results (both Standalone and Consolidated) under Indian Accounting Standard (IndAS) for the quarter ended December 31,2019 along with the Limited Review Report of the Auditors thereon, A copy of the Unaudited Financial Results (both Standalone and Consolidated) duly reviewed and recommended by the Audit Committee and approved by the Board of Directors along with Limited Review Report of the Auditors thereon, Quarterly Performance Report and Press Release issued in this regard is attached. The said results are also being published in Newspaper, in the format prescribed under Regulation 47 of Listing Regulations. The Unaudited Financial Results (both Standalone and Consolidated) will also be made available on the Company's website, www.balajitelefilms.com 2. declared interim dividend of Re. 0.40/- (Forty paise only) per Equity Share of face value of Rs. 2/- each for the financial year 2019-20. The Record Date of February 24, 2020 has been fixed for ascertaining the eligibility of members to receive the interim dividend for financial year 2019-20, declared by the Board of Directors of the ComFany. The payment of Interim Dividend/dispatch of Dividend warrants will be completed by March 13,,2020. The Meeting of the Board of Directors commenced at 02.00 p.m. and concluded at 06.00 p.m. You are requested to take the aforementioned information on your record. Thanking you, Yours Faithfully, For B~:~ele7';6 ~gh~ Group Head Secretarial Membership No. A23360 Price Waterhouse Chartered Accountants LLP Review Report The Board of Directors Balaji Telefilms Limited C-13, Balaji House Dalia Industrial Estate Opp. Laxmi Industries New Link Road, Andheri (West) Mumbai - 400 053 1. We have reviewed the Unaudited Standalone financial results of Balaji Telefilms Limited (the "Company") for the quarter and Nine Months Ended December 31, 2019 which are included in the accompanying Statement of Unaudited Standalone Financial Results for the Quarter and Nine Months Ended December 31, 2019', (the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"), which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants ofIndia. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substr"ltially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, inel uding the manner in which it is to be disclosed, or that it contains any material misstatement. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Mehul Desai Mumbai Partner February 12, 2020 Membership Number: 103211 UDIN: 2010321lAAAACY3962 : ..............................................._ ...................... n ............................. ......................................................................... ... ................................... Price Waterhouse Chartered Accountants ILP.. 252, Veer Savarkar Marg, Shivaji Park, Dadar (West) Mwnbai - 4 00 028 T: +91 (22) 66691500.•F: +91 (22) 66547804/07 RegJstared office and Head office: Sucheta Bhawan. l 1A VIshnu Oigzmlber M ..rg . New Oalhl 110002 . .. 1BIhouse Chartered Accountants LLP (a Umited lJabjllly Partnership willi LLP Identity no: LLPIN AAC-6001) :;:;.:e=7u~Bis~="~~)== ':::"=..:~ Cl\artered Aocoorrtanlll LLP, Its ICAI regfstration number Is 012754N1N500018 (ICAI reglstratioo number before converslon was 012754N) Balaji Telefilms Limited CIN-L99999MH1994PLC082802 Regd Off: C-13, Balaji House, Dalia Industrial Estate, New Link Road, Andheri (West), Mumbai 400053 Tel.: 40698000 • Fax: 406981811 82/83 Website: www.balajitelefilms.com PART I: STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31 2019 ~ in Lacs 3 months Preceding Corresponding Nine Months Previous Year Sr. ended 3 months ended months ended Particulars 3 Ended Ended No. 31-122019 30-09-2019 31-12-2018 31-12-2019 31-12-2018 31-03-2019 (Un-audited) (Un-audited) (Un-audited) (Un-audited) (Un-audited) (Audited) 1 Income a) Revenue from Operations 19.835.64 17,935.09 11,ISO.23 46,056.08 35,818.43 44.030.15 b) Otller Income 188.85 435.20 784.65 783.65 1,836.18 2.482.16 Total Income 20,024,49 18,370.29 11,934.88 46,839.73 37,654.61 46,512.31 2 Expenses a) Cost of Production I Accuisition and Telecast Fees 10,415.92 7,969,04 9.45805 24,526.25 28.792.82 36,705,29 b) Changes in Inventories 2,119.62 2,510.42 (825 ,03) 4,114,37 49.01 (1,963.00) c) Marketing and Disiributioo Expense 443,57 3,079.15 81.63 3,576.42 1,955.65 2,035.94 d) Employee Benefits Expense 374.01 204.77 665,48 1,063.83 1,559.33 2,271.11 e) Depreciation and amortisation expense 816.91 83286 313.49 2,482,57 979.09 1,308,79 DFinance cost 63.65 56.99 185.98 g) Other Expenses 1,032.44 1,08912 452,80 3,186.49 1,85063 3,509.14 Tota.1Expenses 15,£66,12 15,742.35 10,146.42 39,135.91 35,186.53 43,867.27 3 Profit Before Tax (1-2) 4,758,37 2,627.94 1,788.46 7,703,82 2,468.08 2,645.04 4 Tax Expense: a) Current tax 1,944,58 1,117.39 419,07 3.354,31 612,68 695,81 b) Deferred tax (126.79 (39.60) 166,90 (394.41) 60.68 (63,23) Total tax expenses 1 817.79 1 077.79 585.97 2,959.90 673.36 632,58 5 Profit After Tax (3-4) 2,940,58 1,550.15 1,202,49 4,743.92 1,794,72 2,012.46 6 Other Comprehensive Income (OCI) (illtems tIlat will not be reclassified to Profit or Loss (a) Remeasurements of post employment benefit obligations (1.45) (1.45) (1.42) (4.35) (4.27) (5.82) (ii) Income tax relating to items tIlat will not be reclassified to profit or loss 0,36 0.23 O,SO 1.09 1.49 201 Other Comprehensive Income for the period I year, net of tax (1.09 (1.22) (0.92 (3.26 (2.78 (3.81 7 Tolal Comprehensive Income for the period I year (5+6) 2,939.49 1548,93 1,201.57 4,740.66 1,791.94 2,008.65 8 Paid-up Equity Share Capital (Face Value ~ 2/- each) 2,022,61 2022,61 2,022.61 2,022.61 2,022,61 2,022.61 9 Other Equity 98,970.11 10 Earnings Per Share (EPS) Basic and Ciluted (in ~ 2.91 1.53 1.19 4.69 1.77 1.99 Notes : The above results have been prepared in accordance with Indian Accounting Standards ('Ind AS') notified under Section 133 of tile Companies Act, 2013 and tile recognized acccunting practices and policies to the extent applicable and have been reviewed and recommended by the Aud it Committee and thereafter approved by the Board of Directors at tI1eir meetings held on February 12, 2020. In accordance witll the Indian Accounting Standards (Ind AS 108), tile Company has disclosed segment results in its consolidated financial results. 3 The Com pany has adopted 100 AS 116 effective Apri l 01 , 2019, using the modified retrospective approach, The Company has applied the standard to its leases witll the cumulative impact recognised on the date of initial application (April 01, 2019) .